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Stock impact report

BorgWarner still working to close acquisition of Delphi after breach claim [Reuters]

BorgWarner Inc. (BWA) 
Last borgwarner inc. earnings: 2/13 06:30 am Check Earnings Report
US:NYSE Investor Relations: borgwarner.com/investors
Company Research Source: Reuters
BorgWarner still working to close acquisition of Delphi after breach claim DETROIT (Reuters) - U.S. auto parts maker BorgWarner Inc ( BWA.N ) and its acquisition target Delphi Technologies PLC ( DLPH.N ) said on Thursday they are still working to close their deal after a breach claim was leveled against Delphi. On March 31, BorgWarner threatened to walk away from a deal to buy UK-based Delphi after Delphi drew down on a credit line without BorgWarner’s approval. The January deal valued Delphi at $3.3 billion. The companies said in separate statements that almost matched they still hope to close the deal in the second half of 2020, but “there can be no assurance” a resolution will be reached and the deal will close. Show less Read more
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